TomTom to keep track of traffic in China

TomTom just landed a 7 year deal to deliver HD Traffic - which provides real time traffic updates - with its Chinese partner AutoNavi. They will start having vehicles on the roads starting in 2013. First of their customers is Qoros which is a joint venture between Chery Automobile and Israel Corp.

TomTom’s stock surged after the news which has been focusing on making deals, such as this, with car makers to provide in dash solutions and live traffic updates network.

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